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skooma512)
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Edgar Allan Pwned posted:why do new threads get made? why dont we let page number soar as high as possible? people like to make threads also the fed guaranteeing all deposits forever is a mistake and they should absolutely require every bank to pay on their unsecured deposits the same way they do on the secured ones Relevant Tangent has issued a correction as of 11:58 on Mar 13, 2023 |
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Mar 13, 2023 11:56
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https://twitter.com/zerohedge/status/1635216298706862082?s=20
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Mar 13, 2023 11:58
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My “it wasn’t a bailout” t-shirt has people asking a lot of questions already answered by my t-shirt.
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Mar 13, 2023 12:03
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still think a token haircut was needed to remind people and institutions of what insured vs uninsured means one percent, or even just a dollar per account with "next time you're hosed" would've helped
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Mar 13, 2023 12:06
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mila kunis posted:i've been asking in another thread but can someone explain how this isn't a bailout - it smells like one but apparently it isn't? (this isn't a SYQ just me trying to figure out wtf happened) everyone understood that if you have uninsured money in a bank, that if the bank goes tits up as banks tend to do, you will take a haircut or massive loss on your uninsured deposits to avoid this risk, you could make sure your money is insured or convert it into assets. but the exorbitantly wealthy being bailed out didn't want their money to be less liquid or eat the potential loss from interest rates going up or pay the implicit fees that come with insured deposits. the government is stepping in and saying that wealthy people are not allowed to lose money even though they placed a bet and failed on a risk that everyone understood! they get to have their cake and eat it!
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Mar 13, 2023 12:06
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It's not a bailout. What are you, some kind of dog faced pony soldier?
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Mar 13, 2023 12:12
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Edgar Allan Pwned posted:why do new threads get made? why dont we let page number soar as high as possible? Ait wants his posting record looking like the financial industry, an overwashed unravelling shirt
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Mar 13, 2023 12:12
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in order to make sure wealthy people do not lose money here on their uninsured deposits, they are going to use the government fund intended for insured depositors that ordinary people with insured deposits (e.g. FDIC) implicitly pay fees for. again, SVB is unique in that like some crazy high 90+% number of depositors are uninsured. they have not been proportionately paying into this govt insurance fund they are currently enjoying that you were paying into! comedyblissoption has issued a correction as of 12:16 on Mar 13, 2023 |
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Mar 13, 2023 12:13
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Lol the index and bond futures all decided to make a dump slash run at 3am and I got to manage that risk all by myself that was a fun morning
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Mar 13, 2023 12:13
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money
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Mar 13, 2023 12:16
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Also FRC is down to 30 (from 80) in early trading
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Mar 13, 2023 12:17
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otoh there's going to be a special assessment which banks hate and the executives of svb are going to spend years in court trying to avoid prison so that's a plus
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Mar 13, 2023 12:18
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Good morningquote:https://twitter.com/elerianm/status/1635236724149465090?t=_3U4EP85KK2A7Puxr0v56Q&s=19 quote:https://twitter.com/jasonfurman/status/1635112160778141696?t=VzrFO0brIxNOhNlGXU-ypg&s=19
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Mar 13, 2023 12:21
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comedyblissoption posted:in order to make sure wealthy people do not lose money here on their uninsured deposits, they are going to use the government fund intended for insured depositors that ordinary people with insured deposits (e.g. FDIC) implicitly pay fees for. Hey this fund you all paid money into for the common good? Yeah a bunch of men wearing striped pyjamas carrying bulging sacks with dollar signs on them are currently running out the building lol
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Mar 13, 2023 12:22
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Same as it ever was. They don't want to gut social security because they don't want to pay the taxes, they want to gut social security so they can take the money you've already paid into it.
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Mar 13, 2023 12:24
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Brrrmph posted:is that the guy who ran away with the goon fund? was that ever flushed out? Goa Tse-tung posted:no cumshitter doxxed a goon, iirc while drunk Sorta, I think he just threatened to post or use information the goon had already posted? It was weird. But yeah, Goonfund Plinkey is back, richer than ever!
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Mar 13, 2023 12:25
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Mar 13, 2023 12:26
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CNBC anchor just now asking if regional bank depositors are chill or if they’re still jumpy, says quote: “some of the phone numbers at JPMorgan are busy right now because of all the people trying to open new accounts”
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Mar 13, 2023 12:26
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Biden speaking at 8am Monday, a totally normal time for Presidential addresses and in no way a Baghdad Bob impression.
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Mar 13, 2023 12:27
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coelomate posted:Biden speaking at 8am Monday, a totally normal time for Presidential addresses and in no way a Baghdad Bob impression. listen you dog faced pony soldier
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Mar 13, 2023 12:29
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I hope Biden speaking at 8am completely placates the entire financial sector and in no way freaks everyone out and causes bloodshed 
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Mar 13, 2023 12:32
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so the feds are giving the banks money and they get an IOU?
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Mar 13, 2023 12:32
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Honest Thief posted:so the feds are giving the banks money and they get an IOU? it took less than a single weekend for them to reach this decision.
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Mar 13, 2023 12:36
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Brrrmph posted:Mormon soaking isn’t sex and this isn’t a bailout
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Mar 13, 2023 12:36
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All Time Highs https://twitter.com/jimcramer/status/1635212948863078401 https://twitter.com/jimcramer/status/1635199466868449281
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Mar 13, 2023 12:37
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The 75 point rally on futures from yesterday's bailout has already vanished. Bank stocks are getting blown out in premarket trading.
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Mar 13, 2023 12:38
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HallelujahLee posted:listen you dog faced pony soldier  Market is going to rally. Everything is fiiiine.
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Mar 13, 2023 12:39
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February CPI is tomorrow lol.
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Mar 13, 2023 12:39
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DancingShade posted:
i can only imagine the type of loser that would believe anything a dementia addled imbecile like buchanon joe says
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Mar 13, 2023 12:41
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HallelujahLee posted:i can only imagine the type of loser that would believe anything a dementia addled imbecile like buchanon joe says It's not a question of belief, its a question of excuse as the looting goes on.
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Mar 13, 2023 12:49
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the “drop” in the cpi seems totally dependent on gas prices and $100 80’ TVs
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Mar 13, 2023 12:50
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Beached Whale posted:All Time Highs Jim what are you doing
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Mar 13, 2023 12:50
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I imagine there is value in convincing the majority everything is fine as the elite few transfer all their assets into holdings that won't incinerate. Self interest. It's a great spread on your morning toast!
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Mar 13, 2023 12:51
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lol the morning news is leading off with "don't move your money, trust us it's safe" 
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Mar 13, 2023 12:52
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Jon Irenicus posted:Jim what are you doing
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Mar 13, 2023 12:53
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In simple terms what does this mean https://twitter.com/business/status/1635245736773255168
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Mar 13, 2023 12:53
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Jon Irenicus posted:Jim what are you doing The overnight rally began dumping pretty much the instant he tweeted this stuff. He has a true gift.
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Mar 13, 2023 12:53
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Nothus posted:lol the morning news is leading off with "don't move your money, trust us it's safe" Safer than safe. It's like super duper safe. I say as I run out of the building with two briefcases stuffed with bills & treasuries falling out the seams, to my waiting escape helicopter on the roof.
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Mar 13, 2023 12:54
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Well, they encourage your complete cooperation Send you roses when they think you need to smile I can't control myself because I don't know how And they love me for it, honestly, I'll be here for a while So give them blood, blood, gallons of the stuff Give them all that they can drink, and it will never be enough So give them blood, blood, blood Grab a glass because there's going to be a flood
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Mar 13, 2023 12:54
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VIX is climbing near 30…
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Mar 13, 2023 12:55
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